It is not a good day for budget airline Ryanair, as the company has announced that shares have lost one-fifth of their value amidst a combination of lower fares, high oil prices, and pilot costs, according to the Mirror.
Also, the half-year profits to June 30 are lower than expected, down to €319 million from €397 for the same period last year.
Ryanair has been in the limelight over the past few weeks for all the wrong reasons. The airline has been forced to cancel dozens of flights due to pilot strikes, and industrial action by cabin crew may also be in the horizon.